◂ Announcements

Jun 10, 2020ACQUISITIONMalaysia

AT Systematization to buy Pearl Glove for glove production contract

AT Systematization Bhd signed a Letter of Intent to acquire Pearl Glove (Malaysia) Sdn Bhd, which has a contract to produce around 500 million gloves in the next year. The deal is valued at about RM100 million.

Value

$24.0M (100.0M MYR)

Status

Announced

Capacity

500 million gloves per year

Productsindustrial glovessingle use disposable examination gloves

CompaniesAT Systematization Bhd acquirer Pearl Glove (Malaysia) Sdn Bhd target

Sectors#Packaging

“ATS is buying PGSB with the intention to double the production capacity beyond 2021.”nst.com.my

1 source
nst.com.myATS buys glove maker Pearl GloveNST BusinessJun 10, 2020

Summarized from public sources; check the original articles before acting on it.

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